JP Morgan

A strong performance from issuers in dollars this week means that more borrowers should look at printing in July, said SSA bankers.

Rocket Internet, the German internet business group, raised €550m this week with a convertible bond that was criticised by rival bankers, but according to bookrunner JP Morgan was “a super-successful transaction”.

Altice accelerated the deadline on its refinancing exercise this week, bringing forward the deadline for commitments to just three days after the deal was launched.

Kazakhstan, Naspers and Renaissance Services reopened CEEMEA new issuance this week, relieving cash gorged investors of $5.325bn between them, in the second largest week for the region so far this year, writes Francesca Young

India’s Phoenix Mills, a shopping mall operator, has scooped Rp2.83bn ($45m) from a qualified institutional placement that resounded well with international long-only funds, surprising even those close to the deal with their strong interest.

China Minsheng Investment (CMI) went live on July 16 with its debut dollar bond, while China Minmetals Corp has appointed banks for a dollar bond.

Three block trades took place on Tuesday night, as Europe’s equity capital markets appear to be returning to normality after the stress of the Greek debt negotiations of the past few weeks.

Kazakhstan printed a gigantic $4bn dual tranche bond this week, drawing a book of around $9.5bn for the notes.

The future of Greece as a eurozone country was hanging in the balance on Wednesday — all but shutting down the euro benchmark market for public sector borrowers.

JP Morgan beat market expectations for earnings per share, but its fixed income markets business took a battering, with a decrease of 21% in revenues year on year.

Altice is back in the European loan market, but for once not with an extravagant M&A financing. This month, Patrick Drahi’s telecoms group is seeking to refinance debt under its revolving credit facilities.

CVC Capital Partners took another swift step towards its exit of Evonik Industries on Monday night, pouncing after the German chemical company’s shares had hit an all time high to sell a block of shares for €519m, in a deal that was increased.